An IPO in which privately held shares in a corporation are sold to the public. Bloomberg Financial Dictionary
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A registered offering of a large block of a security that has been previously issued to the public. The blocks being offered may have been held by large investors or institutions, and proceeds of the sale go to those holders, not the issuing company. Also called secondary distribution. Exchange Handbook Glossary
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Offering to the public of a large block of privately held shares, often by the institution that sponsored the overall deal into the market.
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secondary offering UK US noun [C] FINANCE, STOCK MARKET
► (also secondary distribution) an occasion when a company issues new shares, but not for the first time, or the number of shares involved
► an occasion when a shareholder sells a large number of a company's shares, or the number of shares involved: »
The holding corporation announced yesterday that it had shelved plans to conduct a secondary offering of shares in TAM, Inc.
Financial and business terms. 2012.